Atomera Inc. Files Q3 2024 10-Q

TL;DR

Atomera's Q3 2024 10-Q is in: financials and operations updated for the semiconductor player.

AI Summary

Atomera Inc. filed its 10-Q for the period ending September 30, 2024. The company, focused on semiconductors, reported its financial performance and operational updates. Specific financial figures and strategic developments for the third quarter of 2024 are detailed within the filing.

Why It Matters

This filing provides investors and analysts with the latest financial health and operational status of Atomera Inc., crucial for understanding its trajectory in the semiconductor industry.

Risk Assessment

Risk Level: medium — As a company in the volatile semiconductor sector, Atomera faces inherent market and technological risks detailed in its SEC filings.

Key Numbers

• 2024-09-30 — Reporting Period End Date (Indicates the end of the fiscal quarter covered by the report.)
• 2024-10-29 — Filing Date (The date Atomera Inc. submitted this 10-Q to the SEC.)

Key Players & Entities

• Atomera Inc. (company) — Filer of the 10-Q
• 2024-09-30 (date) — End of the reporting period
• 2024-10-29 (date) — Filing date
• SEMICONDUCTORS & RELATED DEVICES [3674] (industry) — Company's Standard Industrial Classification

FAQ

Key Financial Figures

• $0.001 — ch registered Common stock: Par value $0.001 ATOM Nasdaq Capital Market Indicate
• $50.0 million — ng aggregate offering proceeds of up to $50.0 million (the "ATM"). During the three-month per
• $150,000 — established a monthly lease payment of $150,000 per month. The lease contains a provisi
• $137,650 — payments for this tool were adjusted to $137,650 per month for the period August 1, 2023
• $124,071 — payments for this tool were adjusted to $124,071 per month for the period August 1, 2024
• $1,277 — The monthly rent payment increased from $1,277 per month to $2,365 per month and the i
• $2,365 — ment increased from $1,277 per month to $2,365 per month and the increased rent under
• $87,000 — months beginning on January 1, 2024 for $87,000 per month. Since the lease term is not
• $2,942 — rch 31, 2023. The cost of the lease was $2,942 per month. The components of lease co

Filing Documents

• atomera_i10q-093024.htm (10-Q) — 630KB
• atomera_ex3101.htm (EX-31.1) — 10KB
• atomera_ex3102.htm (EX-31.2) — 10KB
• atomera_ex3201.htm (EX-32.1) — 5KB
• 0001683168-24-007452.txt ( ) — 3867KB
• atom-20240930.xsd (EX-101.SCH) — 24KB
• atom-20240930_cal.xml (EX-101.CAL) — 46KB
• atom-20240930_def.xml (EX-101.DEF) — 111KB
• atom-20240930_lab.xml (EX-101.LAB) — 299KB
• atom-20240930_pre.xml (EX-101.PRE) — 235KB
• atomera_i10q-093024_htm.xml (XML) — 512KB

Financial Information

PART I. Financial Information Item 1.

Financial Statements

Financial Statements 3 Condensed Balance Sheets – September 30, 2024 (Unaudited) and December 31, 2023 3 Unaudited Condensed Statements of Operations – For the Three and Nine Months Ended September 30, 2024 and 2023 4 Unaudited Condensed Statements of Comprehensive Loss – For the Three and Nine Months Ended September 30, 2024 and 2023 5 Unaudited Condensed Statements of Stockholders' Equity – For the Three and Nine Months Ended September 30, 2024 and 2023 6 Unaudited Condensed Statements of Cash Flows – For the Nine Months Ended September 30, 2024 and 2023 7 Notes to the Unaudited Condensed Financial Statements 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 15 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 19 Item 4.

Controls and Procedures

Controls and Procedures 19

Other Information

PART II. Other Information Item 1A.

Risk Factors

Risk Factors 20 Item 5. Other Information 20 Item 6. Exhibits 20

Financial Information

PART I. Financial Information

Financial Statements

Item 1. Financial Statements Atomera Incorporated Condensed Balance Sheets (in thousands, except per share data) September 30, December 31, 2024 2023 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 13,757 $ 12,591 Short-term investments 3,585 6,940 Accounts receivable 6 – Unbilled contracts receivable – 550 Interest receivable 56 79 Prepaid expenses and other current assets 388 244 Total current assets 17,792 20,404 Property and equipment, net 63 100 Long-term prepaid maintenance and supplies 91 91 Security deposit 14 14 Operating lease right-of-use asset 341 517 Financing lease right-of-use-asset 1,839 2,903 Total assets $ 20,140 $ 24,029 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 786 $ 618 Accrued expenses 172 222 Accrued payroll related expenses 968 1,382 Current operating lease liability 258 264 Current financing lease liability 1,194 1,328 Deferred revenue 8 – Total current liabilities 3,386 3,814 Long-term operating lease liability 80 295 Long-term financing lease liability 781 1,750 Total liabilities 4,247 5,859 Commitments and contingencies (see Note 9) – – Stockholders' equity: Preferred stock $ 0.001 par value, authorized 2,500 shares; none issued and outstanding as of September 30, 2024 and December 31, 2023 – – Common stock: $ 0.001 par value, authorized 47,500 shares; 28,289 shares issued and outstanding as of September 30, 2024; and 26,107 shares issued and outstanding as of December 31, 2023 28 26 Additional paid in capital 232,726 221,229 Other comprehensive income 2 – Accumulated deficit ( 216,863 ) ( 203,085 ) Total stockholders' equity 15,893 18,170 Total liabilities and stockholders' equity $ 20,140 $ 24,029 The accompanying notes are an integral part of these condensed financial statements. 3 Atomera Incorporated Condensed Statements of Operatio

View Full Filing

View this 10-Q filing on SEC EDGAR